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Check your history, Americans never wanted a central bank, but they got one by hook and by crook. Note: https://www.amazon.ca/s?k=creature+from+jekyll+island&hvadid=229990288713&hvdev=c&hvlocphy=1001970&hvnetw=g&hvqmt=b&hvrand=16549647301746783409&hvtargid=kwd-296089919219&hydadcr=3322_10311092&tag=googcana-20&ref=pd_sl_1tyxkukdm7_b

Most central banks (and especially the Federal Reserve) are private banking cartels. The Fed is the most powerful globally, but is no more Federal than the Federal than the Federal Express. It latest self appointed role is as lender of first resort in a perpetual sea of insolvency (including non-financials, foreign banks, Shadow Banks), when it was only chartered to be a lender of last resort in minor liquidity crises and only with its member banks.

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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